54 Rainey ST # 617, Austin TX 78701

Austin, TX 78701 | Milago Condo

Ed's Opinion of Value

$287,040 Ed's Estimate: $397,652 $540,000
Lowest Comp Recommended List: $390,000 to $406,000 Highest Comp

Listing History

$425,000 List Price
$396,513 Comp Value
1 Price Reductions

This property was listed at $425,000 and withdrawn after 135 days on market. The price was reduced from $450,000 to $425,000. This listing activity factors into the valuation.

The comparable sales data (7 recent transactions in MILAGO CONDO) supports an estimated value of $397,652. The data suggests a list price between $390,000 and $406,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in MILAGO CONDO, this home would be the 3rd least expensive of 7 comparable homes on the market. The strength of this estimate comes from 7 directly comparable sales in MILAGO CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group
1 Beds
1 Baths 1 Full
865 Sq Ft
2005 Built
1 Garage

About This Property

This meticulously maintained urban condo at the Milago offers stylish living at the end of Rainey Street, with direct access to Lady Bird Lake, the hike and bike trail, and a lively array of dining and entertainment spots just steps away. This one-bedroom + study, one-bath condo showcases European plank hardwood floors, custom paint (entire condo & ceiling painted 2020), granite countertops, stainless steel appliances, a custom closet organizer, and a functional, open floor plan designed to maximize both space and comfort. Recently replaced in 2020 Rheem electric water heater and hvac. The Milago offers exceptional amenities, including a rooftop pool and hot tub with sweeping downtown views along with grills and seating, and a spacious 3rd-floor terrace outdoor seating— perfect for entertaining. Residents also enjoy 24-hour concierge service, a fitness center, a clubroom, a Wi-Fi lounge, and convenient bike storage. Recent updates include a refreshed lobby, new pool furniture, and BBQ grills. This condo blends luxury, convenience, and unbeatable location for the ultimate urban lifestyle. *Buyer to independently verify all information including but not limited to taxes, restrictions, schools, square footage, Hoa dues, year built, etc.

Features

  • Built-in Features
  • Ceiling Fan(s)
  • Granite Counters
  • Eat-in Kitchen
  • High Speed Internet
  • Open Floorplan
  • Primary Bedroom on Main
  • Smart Thermostat
  • Stackable W/D Connections
  • Walk-In Closet(s)

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential
Flooring Tile, Wood
Cooling Ceiling Fan(s), Central Air
Heating Central
Exterior None
County Travis
MLS # 5555368
Garage 1 spaces

HOA & Community

HOA Fee $668 /Monthly
HOA Includes Common Area Maintenance, Insurance, Trash

Tax Information

Annual Taxes (MLS) $6,611 (2025)

Listing History

MLS# 5555368 135 days
Oct 20, 2025 Off Market
Sep 2, 2025 Price Change $425,000
Jun 7, 2025 Listed $485,000

Frequently Asked Questions About 54 Rainey ST # 617, Austin TX 78701

When was 54 Rainey ST # 617, Austin TX 78701 built?

54 Rainey ST # 617, Austin TX 78701 was built in 2005.

How much does 54 Rainey ST # 617, Austin TX 78701 cost?

54 Rainey ST # 617, Austin TX 78701 is currently off market.

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